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Fixed-payment estimate

Loan amortization calculator

See the monthly payment, total interest, and fees behind a fixed-rate loan offer.

01

Enter the offer

Loan assumptions

₱
%

Use the annual rate disclosed by the lender. Compare it with the effective interest rate.

years
₱

Processing, documentary, appraisal, or other charges paid separately at the start.

Assumes a fixed rate, equal monthly payments, and fees paid upfront. Variable-rate changes, insurance, penalties, and late charges are not included.
02

Payment estimate

Amortization summary

Estimated monthly payment₱11,611120 equal monthly payments
Loan balance over timeHow each year of payments reduces the amount still owed.
Balance remainingPrincipal repaid
StartYear 5Final
Total interest₱393,302
Total borrowing cost₱413,302
Total cash paid₱1,413,302
First payment to principal₱5,778
First payment to interest₱5,833
Upfront fees entered₱20,000

Ask the lender for the disclosure statement and effective interest rate. A low advertised rate can still produce a higher true cost once fees and required charges are included.

Compare the true cost

The advertised rate is not the whole loan.

This calculation uses the standard amortizing-payment formula. Interest is heavier at the beginning because it is calculated on the remaining balance.

Ask for a disclosure statement showing the effective interest rate, finance charges, insurance, penalties, and every fee required to obtain the loan.

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